Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowTech-consulting firm Infosys Ltd. said in May that it would open an $8.7 million tech and innovation hub in the Indianapolis area with 2,000 high-skill jobs—and have 100 positions in place by the end of 2017.
A few weeks later, the company said it would lease 35,000 square feet in OneAmerica Tower to launch its local operations.
The India-based firm’s local announcement is part of the company’s larger plans to hire 10,000 workers at hubs across the United States.
The deal marked the second-largest jobs commitment the Indiana Economic Development Corp. has received since the agency was established in 2005. The largest deal was Honda’s pledge to create 2,067 jobs when it opened a plant in Greensburg in 2006.
IEDC offered Infosys up to $15,250 in conditional tax credits for each job the company creates and up to $500,000 in training grants. If the company hires and trains all 2,000 workers as planned, the maximum total incentives from the state would be $31 million.
Infosys, which employs 200,000 people around the world, said the Indianapolis operations will focus on technologies like artificial intelligence, machine learning, user experience, emerging digital technologies, cloud and big data. Infosys clients include key industries such as financial services, manufacturing, health care, retail and energy.•
Please enable JavaScript to view this content.